El ineficiente diseño de la legislación concursal española: Una propuesta de reforma a partir de la experiencia comparada y de un análisis económico del Derecho concursal [The inefficient design of the Spanish Bankruptcy Act: A proposal to enhance the attractiveness of the Spanish bankruptcy regime based on an economic and comparative analysis of insolvency law] in Spanish

• Main Author: Aurelio GURREA-MARTINEZ
• Format: text
• Language: Spanish
• Published: Institutional Knowledge at Singapore Management University 2016
• Subjects: bankruptcy law; law of secured transactions; bankruptcy reform; entrepreneurship; innovation; competitiveness; economic growth; Business Organizations Law; Commercial Law; European Law
• Online Access: https://ink.library.smu.edu.sg/sol_research/3641; https://ink.library.smu.edu.sg/context/sol_research/article/5599/viewcontent/SSRN_id2798561.pdf
• Institution: Singapore Management University

Spain has one of the world´s lowest business bankruptcy rates (that is, number of business bankruptcies per firm). Some authors have argued that the low usage of bankruptcy procedures in Spain is due to a ‘cultural’ problem faced by Spanish entrepreneurs. According to this hypothesis, the lack of a...